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The GDP tends to: a. overstate economic welfare because it does not include certain nonmarket activities such at the productive work of housewives. b. understate economic welfare because it includes

The GDP tends to:

a. overstate economic welfare because it does not include certain nonmarket activities such at the productive work of housewives.

b. understate economic welfare because it includes expenditures undertaken to offset or correct pollution,

c. understate economic welfare because it does not take into account increases in leisure.

d. overstate economic welfare because it does not reflect improvements in product quality. 

Apr 26 2021 View more View Less

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